Billing Specialist
Salary

Billing Specialists in the United States can expect wages of $15.26 per hour on average. Including potential for bonuses and profit sharing — peaking near $2K and $2K, respectively — total cash payment to Billing Specialists can bottom out near $25K or peak near $47K depending on individual performance. The most influential factor affecting pay for this group is geographic location, though the specific employer and tenure have a (lesser) impact as well. Slightly less than a fourth of professionals in this line of work do not receive benefits; however, a strong majority report medical coverage and the larger part claim dental coverage as well. The majority of Billing Specialists claim high levels of job satisfaction. The vast majority (90 percent) of Billing Specialists who took the survey are female. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

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Job Description for Billing Specialist

Billing specialists generally complete specific tasks related to a company’s billing and accounting needs; they are supervised by an office manager or billing manager. Day-to-day responsibilities of a billing specialists include preparing and submitting invoices through electronic or non-electronic means to ensure processing and payment; resolving issues related to payments by clients such as rejection or deduction analysis; and communicating with clients, legal staff, or others to coordinate revisions or adjustments for resubmission. Other responsibilities fielding questions from clients, clerical staff, and others; cooperating with the billing manager or office manager to ensure that their work adheres to the standards, guidelines, procedures, and deadlines set by the company; and preparing special documents as required by clients, attorneys, or managers. Billings specialists work in a normal office environment. Their hours depend on the company's needs, and this position may be part time or full time.

A high school diploma or GED is required for this position, but a bachelor's degree and experience in accounting or finance is preferred. Billing specialists work with a variety of individuals while dealing with collection and billing issues. As such, they need to have excellent personal skills to communicate effectively with clients, supervisors, attorneys, and assistants. They should possess superb computer skills, including a proficiency with Microsoft Outlook and Excel. A general knowledge of billing and collection practices, as well as business office procedures, is necessary. Experience operating a multi-line telephone system is preferred. Billing specialists need to be able to read, understand and follow oral and written instructions, while maintaining professional working relationships with clients, and employees.

Common Career Paths for Billing Specialist

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For Billing Specialists, progressing to a Financial Analyst role may result in a significant raise. On average, a Financial Analyst can earn $54K annually. Career advancement for the typical Billing Specialist often leads to becoming a Billing Manager or a Billing Supervisor; median salaries in these positions are $11K higher and $7K higher, respectively.

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Popular Skills for Billing Specialist

This chart shows the most popular skills for this job and what effect each skill has on pay.

Billing Specialists report using a deep pool of skills on the job. Most notably, skills in Payroll Administration, Data Analysis, Accounting, and Accounts Payable are correlated to pay that is above average, with boosts between 6 percent and 18 percent. At the other end of the pay range are skills like Medicaid Billing, Medical Coding, and Medicaid & Medicare Billing. Those educated in Accounts Receivable tend to be well versed in Collections and Medicaid & Medicare Billing.

Pay by Experience Level for Billing Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Billing Specialists with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Survey participants with less than five years' experience pocket $32K on average, but those with five to 10 years of experience enjoy a much bigger median of $35K. Billing Specialists bring in $37K after working for 10 to 20 years. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $38K.

Pay Difference by Location

Top-shelf salaries can be found in the three largest American cities: New York, Los Angeles, and Chicago all offer compensation that exceeds the national average in this field. In Tampa, salaries are 8 percent below the national average and represent the lowest-paying market. Workers in Cleveland and San Antonio earn salaries that trail the national average for those in this profession (6 percent less and 1 percent less, respectively).

Billing Specialist Reviews

What is it like working as a Billing Specialist?

Billing Specialist in Brunswick:

Pros: I like the people I work with and I'm not micro managed.

Cons: Nothing is electronic. I hand key all claims, enter all claims into QuickBooks by hand, track payments (checks) as well as follow up all paper denials.